The USDJPY currency pair has experienced a notable rally, reaching a peak of 153.83, the highest point in 14 weeks. This surge can largely be attributed to the strengthening demand for the US dollar, particularly amidst the backdrop of the ongoing US presidential election. As Donald Trump gains traction in key states, investor sentiment has
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The British Pound (GBP) against the US Dollar (USD) has shown signs of recovery after touching the crucial support level of 1.2840. This rebound has been characterized by a short-term upward move as the pair broke above resistance levels at 1.2880 and 1.2950. However, the 4-hour chart indicates that while the GBP/USD has managed to
The AUD/JPY cross has gained momentum near 97.55 in Thursday’s Asian session, showing an increase of 0.36% on the day. The improvement in Chinese July Retail Sales has provided a boost to the Australian Dollar (AUD), while uncertainty surrounding the Bank of Japan (BoJ) rate hike could potentially weigh on the Japanese Yen (JPY). Chinese
The recent minutes from Brazil’s central bank policy meeting on July 30-31 revealed a strong willingness to take action in order to bring inflation down to its target. The central bank emphasized the need for increased vigilance as inflation expectations continue to rise, potentially leading to a de-anchoring of expectations. The policymakers expressed their readiness